Notional Balance. (2) The pass-through rate on this REMIC II Regular Interest shall at any time of determination equal the weighted average of the pass-through rates of the REMIC I Regular Interests, where for the first 30 Distribution Dates the interest on Class I-NAS is reduced for purposes of this computation by the lesser of 5.00% and all the interest on such Class.
Notional Balance. (4) The Pass-Through Rate for the April 2004 Distribution Date for the Class II-A-1 Certificates is 4.5099% per annum. After such Distribution Date, the Pass-Through Rate for these Certificates shall be a per annum rate equal to the excess of (x) the Net WAC Rate for Loan Group II for that Distribution Date over (y) for each Distribution Date to and including the January 2009 Distribution Date, 0.1990% and for each Distribution Date after the January 2009 Distribution Date, 0.1300%.
Notional Balance. (4) For each Distribution Date to and including the June 2008 Distribution Date, the Pass-Through Rate for the Class II-A-1 Certificates shall be a per annum rate equal to the lesser of (i) 3.7460% and (ii) the Net WAC Rate for Loan Group II minus 0.02%. After the June 2008 Distribution Date, the Pass-Through Rate for the Class II-A-1 Certificates shall be a per annum rate equal to the Net WAC Rate for Loan Group II minus 0.02%.
Notional Balance. The lesser of (a) from and including the 1st through the 3rd Distribution Date ($189,000,000); from and including the 4th through the 6th Distribution Date ($180,000,000); from and including the 7th through the 9th Distribution Date ($168,000,000); from and including the 10th through the 12th Distribution Date ($156,000,000); from and including the 13th through the 15th Distribution Date ($143,000,000); from and including the 16th through the 18th Distribution Date ($130,000,000); from and including the 19th through the 21st Distribution Date ($119,000,000); from and including the 22nd through the 24th Distribution Date ($94,000,000); from and including the 25th through the 27th Distribution Date ($73,000,000); from and including the 28th through the 30th Distribution Date ($57,000,000); thereafter ($0) and (b) the pool balance.
Notional Balance. (2) The Tax Matters Person Certificate may be issued in a denomination of $0.05 The Certificates shall be executed by manual or facsimile signature on behalf of the Trustee by an authorized officer. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures were affixed, authorized to sign on behalf of the Trustee shall bind the Trustee, notwithstanding that such individuals or any of them have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of such authentication and delivery. No Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless there appears on such Certificate a certificate of authentication substantially in the form set forth as attached hereto executed by the Trustee by manual signature, and such certificate of authentication upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder. All Certificates shall be dated the date of their authentication. On the Closing Date, the Trustee shall authenticate the Certificates to be issued at the written direction of the Depositor, or any affiliate thereof.
Notional Balance. This Class is an interest only class. See page S-8 of the Prospectus Supplement for a description of how its notional principal balance is calculated.
